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Asked by Zach

What is the annual interest rate if $1600 is invested for 6yrs. and 456 in intrest is earned
13 years ago

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Answered by Henry
I = r*t*Po = $456.
r*6*1600 = 456,
9600r = 496,
r = 0.0475 = 4.75% = APR.
13 years ago
Answered by asheley
15525
13 years ago
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What is the annual interest rate if $1600 is invested for 6yrs. and 456 in intrest is earned

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